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Property profile & analytics
OFF-MARKET
Estimated value
$1,770,000
Retail space
602 Cherokee St Lindsay, OK 73052-4014
Individually Owned
4-yr Hold
Free & Clear
Property ID
US69-1689129
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1958
Total area
10,390 SF
Lot
0.51 ac (22,240 SF)
Zoning code
C1
APN
0375-00-032-006-0-000-00
UPID
US69-1689129
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Family Dollar Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.72M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.47M
Blend (final)
Blend
$1.77M
Owner & transaction history
Tampa Medical Arts Ltd · 4 yrs held
Tampa Medical Arts Ltd
since 2022
Last sale
$1.8M
3 recorded transactions
Zoning & alternative use
C1 · Lindsay, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.8M
+181.8%
Commercial (general)
$1.5M
+47.4%
Restaurant
$1.2M
+21.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lindsay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lindsay submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,425,000
ML approach
$1,715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,840,000
Change: +182% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,485,000
Change: +47% · Conversion: Easy
RESTAURANT
$1,225,000
Change: +21% · Conversion: Easy
MEDICAL BUILDING
$1,200,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$1.77M
Range $1.59M – $1.95M · ±10% · vs last sale $1.80M (Jul 6 2022)
Last sale anchor
$1.80M
Jul 6 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$170 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$16,435
Tax year 2023
Assessed value
$197,780
Assessed 2023
Previous assessed
$28,600
+591.5% YoY
Effective rate
8.31%
On assessed value
Assessed land
$40,748
Assessed improvement
$157,032
Land market value
$370,435
Improvement market value
$1,427,565
Total market value
$1,798,000
Applied tax rate
203.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1958
Heating
YES
Cooling
YES
Stories
1
Bathrooms
2
Total area
10,390 SF
Lot
0.51 ac (22,240 SF)
Zoning code
C1
APN
0375-00-032-006-0-000-00
UPID
US69-1689129
Jurisdiction
GARVIN
Zoning & alternative use
C1 · Lindsay, OK
Zoning C1 · permitted uses
C1 · Lindsay, OK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lindsay. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$1.5M
RESTAURANT
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1958
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.51 ac
Current owner
From public records · entity-resolved
Tampa Medical Arts Ltd
Individual
Free & Clear · 4 yrs held
Mailing address
PO BOX 698, LUTZ, FL 33548-0698
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2022
$1,798,000
Tampa Medical Arts Ltd
Lindsay G2k Development LLC
Warranty Deed
—
Oct 27, 2021
$260,000
Lindsay G2k Development LLC
Antonia Teran
Warranty Deed
$1,304,000 · Bancorpsouth Bank
Mar 22, 2013
—
Kandy Wollenberg
Kyle Wollenberg
Intrafamily Transfer
related
$280,000 · The First National Bank Of Lindsay
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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